Small Builders find VAT Help. Accounting Partners get the right guidance on VAT Scheme’s. MONTHLY FOCUS: USEFUL VAT SCHEMES FOR BUILDERS Page Content:- Flat Rate Scheme Cash Accounting Scheme Annual Accounting Scheme VAT reporting can be an administrative headache, especially for smaller businesses. However, there are a number of schemes that can help to simplify ... Read More
Does Inheritance Tax Impact small business? Is IHT of any benefit to Big Business? IHT exemptions – when and how to use them Naturally, you want to keep as much of your estate as possible from HMRC’s coffers and so increase the amount your beneficiaries will receive. What simple steps can you take now to ... Read More
Stamp Duty made not so easy for Small Business Accounting Big Business still need to take care with Duty Claimes? Taxpayer victory bucks trend in SDLT row Stamp duty land tax (SDLT) refund claims have been a target of HMRC investigations over recent years. This is usually due to weak claims for non-residential rates to ... Read More
Small Business Accounting for Class 2 NI Problem HMRC can’t Help Big Business Accounting Partners Some people have been receiving mysterious refunds of Class 2 NI in recent weeks. HMRC has now provided an update on the issue. What’s going on? HMRC can’t fix Class 2 NI problem Class 2 NI has been collected via ... Read More
Tax-Free Benefits for Small Business Employees? Big Businesses may Reward Staff? MONTHLY FOCUS: PROVIDING TAX-FREE BENEFITS TO EMPLOYEES Page Content:- Benchmark subsistence rates Childcare Christmas parties and annual functions Cycle to work schemes Eye tests and spectacles Providing benefits that are exempt from income tax is a great way to reward employees in a tax-efficient ... Read More
Small Business Election Tax-related promises? Any Tax-related promises for Enterprise Businesses? With three weeks to go until the election, the main parties have been making tax-related promises. What do we know so far? Speculating about tax changes can be a fruitless exercise, e.g. before Budget day. However, with a number of tax policies being a ... Read More
Small Investors Gains & Losses will be recorded Large Investors may be affected too? Changes to the self-assessment tax return signal HMRC’s intention to go after those buying and selling cryptoassets. What’s the full story? Warning for cryptoasset investors HMRC has already set out its design for self-assessment tax returns for 2024/25. The return will ... Read More
Non-dom Reform, small business staff will have to wait to find out? Big Business Non-doms may be delayed? After announcing an early election, the government rushed to have the Finance Bill with the 2024 Spring Budget measures passed into law. However, one of the most notable of the reforms was missing. What’s going on? Non-dom ... Read More
Distinguish between small business property letting and big business trading? How might your Business be affected? The furnished holiday lettings regime is due be abolished next year. HMRC has recently dismissed the introduction of a simple test to distinguish between property letting and trading. How might you be affected, and what does the announcement of ... Read More
New interactive tool for transition period profit reporting published If you are a sole trader, or a partner, reporting your profits could be more complicated this year due to the basis period reform. How can a new online tool help? For 2023/24, basis period reform will start to kick in – meaning unincorporated businesses that have ... Read More
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